WASHINGTON COUNTY. 1185

shall be numbered consecutively, and in case of redemption be
redeemed consecutively, and when any of said bonds have been
selected for redemption, the holder of such bond or bonds called
for redemption shall be duly notified thereof, or, if unknown,
due notice of such redemption shall be given by advertisement
in at least two newspapers published in Washington County
for ten days, and where to be paid, and interest shall cease on
such bonds called for redemption from and after the date fixed
for their redemption. The entire issue of said bonds shall be
exempt from all county and municipal taxation, and each bond
issued shall refer to this Act of Assembly.

SEC. 4. And be it enacted, That the Treasurer shall receive
and account to said Burgess and Commissioners for the pro-
ceeds arising from the sale of all bonds made by him, and shall
only disburse or pay out any of such proceeds upon the order
or warrant of the said Burgess and Commissioners, duly signed
by the Burgess and attested by the clerk.

SEC. 5. And be it enacted, That the said Burgess and Com-
missioners are hereby directed to apply the revenues and re-
ceipts arising from water rents and sewer charges, if any, first
to the necessary care, repairs, betterment and maintenance,
enlargement or extension of the waterworks and system thereof
and sewers; and after such expenditures, then to the payment
of the interest on said bonds; and any remainder of such reve-
nue and receipts to be invested in safe securities as a sinking
fund, to be applied to the payment of the principal of said
bonds as soon as they become redeemable. In the event that
the aforesaid net revenues and receipts are insufficient to pay
the interest on said bonds when due, or to redeem any of said
bonds if redemption in whole or part be determined upon, after
the expiration of ten years from date of issue of said bonds,
the said Burgess and Commissioners are hereby authorized to
apply thereto any revenues derived by said town from licenses
and fines; and are also hereby authorized and empowered to
levy on the taxable property of the said town a special tax not
exceeding fifty cents on the one hundred dollars, as shall in
their judgment be necessary for the payment of the interest on
said bonds, or any deficiency therefor, or for the redemption of
said bonds, or any part of the same or any deficiency therefor.
If any surplus funds arise from the sources herein mentioned,
such surplus shall be passed to the sinking fund above provided
for, and in no instance shall such fund be diverted from the
purposes of this Act.

SEC. 6. And be it enacted, That the said Burgess and Com-
missioners are authorized and empowered to contract for, pur-
chase in fee simple or lease for a term of years, any land, real